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RZB expands to Scandinavia.

Representative office for the Nordic countries opened in Stockholm.Position as Austria''s leading bank in international business reinforced.

Raiffeisen Zentralbank Oesterreich AG (RZB-Austria) expands toScandinavia by opening a representative office for the Nordic countriesin Sweden''s capital Stockholm. The move substantiates RZB''s position asAustria''s leading bank for international business.

"With the new representative office, RZB will be able to coverScandinavia''s flourishing markets even better. With its comprehensivebanking network in Central and Eastern Europe, its strong position inAustria, its numerous footholds in Asia and its award-winning services,RZB has an excellent market position, which is also positively noted inNorthern Europe", says Herbert Stepic, RZB''s Deputy General Manager incharge of international business.

"The new office improves our scope of services", adds Karl Sevelda, RZBBoard Member in charge of corporate banking."We have quite manyScandinavian customers, whom we now offer a local bridgehead and servicepoint. At the same time, it will service our customers from Austria andCentral and Eastern Europe."

Michael Ribbegren acts as Chief Representative. Ribbegren, 52, isSwedish and held leading positions, among others as CFO in renownedScandinavian and Polish companies.

Contact details: Raiffeisen Zentralbank Oesterreich AG RepresentativeOffice Sweden

Stureplan 4c, SE-114 35 Stockholm

Tel.: +46-8-509 012 65

RZB is the central institution of the Austrian Raiffeisen Banking Group,the country''s most powerful banking group. It is a leading corporate andinvestment bank and also considers CEE as its home market. Via itslisted subsidiary Raiffeisen International Bank Holding AG (RaiffeisenInternational), it operates a network of 15 banks and 14 lease-financecompanies with approximately 950 business outlets in 16 markets of theregion.

For further information please contact Andreas Ecker-Nakamura(+43.1-71707-1753, Martin Schreiber (+43.1- 71707-1562,,


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